Top Headlines - part 11
BUSINESS March 9, 2015 | 1:13 PM
- Factory to manufacturer Sprinter vans
- Market for vans growing 27%
- Daimler expanding into North American to meet regional demand
Daimler AG has announced plans to build a $500 million assembly plant outside Charleston, South Carolina.
The plant will assemble Mercedes-Benz Sprinter vans.Read more »
BUSINESS March 5, 2015 | 11:51 AM
- Accident reduction would save $190 billion
- Autonomous vehicles would change insurance, repair industries
- Drivers would spent free time on Internet
Automobile accidents in the United States would drop 90% with self-driving vehicles, according to a study by consulting firm McKinsey & Co. on how autonomous vehicles will reshape our world. The reduction in accidents would, in turn, save lives and save $190 billion in healthcare costs and vehicles repairs.
Autonomous vehicles are the largest trend in the auto industry, the report found.Read more »
BUSINESS March 4, 2015 | 1:23 PM
- Truck for demonstration purposes only
- Vehicle symbolic of customers’ love of the Ford truck series
- Changes coming to the 2016 F-650 and F-750 trucks
Ford Motor Co. has collaborated with Funrise Toy Corporationto produce a life-sized, working version of the Tonka toy dump truck.
The F-750 dump truck has a 6.7-liter diesel V-8 engine and can haul up to 17,000 pounds.Read more »
BUSINESS March 3, 2015 | 12:16 PM
- Sales higher than 2014 but lower than estimates
- Ford sees decrease 2%
- Weather, loans contributed to sales figures
February auto sales were 6% higher than 2014,but still fell below analysts’ forecasts of 9%-10%. Once all automakers have reported, sales may have increased as high as 8% with 1.29 million vehicles sold.
“It’s hard to believe weather wasn’t a factor,” Michelle Krebs, senior analyst at AutoTrader.com, told Bloomberg Business. “The Northeast is a huge small-utility market, so that had to have some impact. I’m not worried that they’re off a couple of percentage points. They’ll probably make it up in March and April.”Read more »
BUSINESS March 2, 2015 | 11:35 AM
- Drivers will be able to control home appliances from their vehicles
- Market expected to increase
- AT&T hoping to diversify beyond telephones
AT&T Inc., the second-largest wireless carrier in the U.S., is integrating Digital Life, its home security and automation service, with its Drive connected car platform.
Users will be able to control Digital Life from their dashboard using either a control panel or voice commands.Read more »
BUSINESS February 26, 2015 | 12:56 PM
- Vehicles have defect in automatic transmission
- Issue not the first to plague Fiat transmissions
- Chrysler involved in lawsuit over steering in Dodge Ram
Fiat Chrysler has issued a recall for the 2015 Chrysler 200 with V-6 engines because of a manufacturer’s defect. The recall affects nearly 26,000 cars sold in North America.
A problem with the nine-speed automatic transmission causes the transmission to be unable to shift to park, and the car could roll away unexpectedly. A defect causes sensors to indicate the car is in park when it is not.Read more »
BUSINESS February 25, 2015 | 11:02 AM
- Buick first American brand to break into top 10
- Tesla takes top model for second year
- J.D. Power study tracked customer complaints
Lexus took the top spot in Consumer Reports’ annual auto issue and J.D. Power’s 2015 Vehicle Dependability study.
General Motor’s Buick became the first U.S.-based brand to rank in the top 10 brands, placing seventh.Read more »
BUSINESS February 24, 2015 | 12:30 PM
- Company to face challenges updating 2007 model
- Price to be 20% higher than expected
- Karma was last produced in 2012
Chinese auto parts manufacturer Wangxiang Group, the owner of California-based Fisker Automotive, plans to rename the automaker, Elux, and will delay the rerelease of the luxury plug-in hybrid Karma sedan until mid-2016, according to Reuters.
Reuters’ source asked not to be named because he is not a company spokesperson. Wangxiang has not confirmed the report.Read more »
BUSINESS February 23, 2015 | 1:40 PM
- Automaker decides to use its own infotainment system
- Dozens of automakers have committed to the systems
- Google’s Android Auto to compete against Apple
Japanese automaker Toyota Motor Co. has opted not to offer Apple CarPlay or Android Auto in the foreseeable future, although the systems can be added aftermarket.
Instead the automaker will offer its Entune system. It may offer the other systems at some point, the company said, but did not disclose a date.Read more »
BUSINESS February 19, 2015 | 1:28 PM
- Several factors led to market’s growth
- Older cars increased most in value
- Certified preowned vehicles see the largest increase
The average price of a used car in 2014 reached $16,800 in the U.S., a record, according to car buying information service Edmunds.com’s Used Vehicle Market Report.
Last year’s average price was 5.7% higher than 2013 when the average price was $15,900. A one-year-old car sold for an average of $30,000.Read more »